Short hiccups aside, the S&P continues to move north. Less concerned about day to day gyrations, I am always looking for new companies to add to my portfolio. I therefore compose watchlists with stock that get my extra attention and might become next month’s new buys.
I wrote about WSM earlier when I put the company on my April watchlist.
As can be seen in the graph above the price increased pretty steeply in April - which made me decide not to buy at the time but rather wait for a better entry point.
With the stock around $48 again I am inclined to pull the trigger this time.
WSM provides a decent yield of 3.28%, with a payout ratio of 45% (below).
The second stock on my watchlist is Ford Motor Company.
Ford is trading at a price of around $11 - and with a P/E ratio of 12.2. From an income perspective the stock is attractive with it’s juicy dividend of 5.43%.
Considering the payout ratio of 65% (below)- this big payout seems to be well covered.
Both companies look attractive at the moment and would significantly add to my forward dividend income.
What do you think about these two companies? What is your watchlist for the month? Leave a comment/reply to share your thoughts!